Wayne M Densch Charities Inc
- Assets
- $16.8m
- Revenue
- $3.0m
- Investments
- $16.1m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 58-2013696
Organization Overview
Wayne M Densch Charities Inc is located in Orlando, FL. The organization was established in 1993. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne M Densch Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wayne M Densch Charities Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Wayne M Densch Charities Inc has awarded 19 individual grants totaling $1,839,943. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP ASSISTANCE
NURSING HOME OCCUPANT ASSISTANCE
MEDICAL ASSISTANCE
FOOD ASSISTANCE FOR DISADVANTAGED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard E Williams Jr Pres/directo | 40 | $128,000 | |
J Garth Olson Manager | 0 | $108,000 | |
George J Linzmayer Manager | 0 | $105,400 | |
Utter K Riley Manager | 0 | $103,000 | |
John A Williams Treas/direct | 0 | $0 | |
Michael J Williams Sec/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $655,000 |
| Interest on Savings | $81,029 |
| Dividends & Interest | $265,248 |
| Net Rental Income | $14,060 |
| Net Gain on Sale of Assets | $1,809,170 |
| Capital Gain Net Income | $1,809,170 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $135,622 |
| Total Revenue | $2,960,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,000 |
| Other employee salaries and wages | $351,278 |
| Pension plans, employee benefits | $88,572 |
| Interest | $0 |
| Taxes | $16,742 |
| Depreciation | $42,738 |
| Occupancy | $22,391 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $80,360 |
| Total operating and administrative expenses | $818,144 |
| Contributions, gifts, grants paid | $623,676 |
| Total expenses and disbursements | $1,441,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,290 |
| Savings and temporary cash investments | $495,397 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $139,045 |
| Other assets | $325 |
| Total assets | $16,832,170 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wayne M Densch Charities Inc has awarded $623,676 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DETAIL ATTACHED PURPOSE: SCHOLARSHIP ASSISTANCE | $352,000 |
DETAIL ATTACHED PURPOSE: OCCUPANT ASSISTANCE | $189,054 |
DETAIL ATTACHED PURPOSE: MISCELLANEOUS | $62,759 |
DETAIL ATTACHED PURPOSE: MEDICAL ASSISTANCE | $11,800 |
DETAIL ATTACHED PURPOSE: FOOD & PERSONAL ASSISTANCE | $7,063 |
DETAIL ATTACHED PURPOSE: MISCELLANEOUS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Broward Education Foundation Inc Fort Lauderdale, FL | $12,469,303 | $5,256,121 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |